International Monetary Fund Managing Director Kristalina Georgieva said at the World Economic Forum on Wednesday that global food shortages represent a “dire” situation — meaning that nations like the United States must increase their production and exports.
Many disadvantaged nations across the globe are experiencing constrained supply amid the Russian invasion of Ukraine. The two countries combined produce roughly 12% of the world’s calories, as well as 30% of the world’s traded wheat. The United Nations warned as early as March that Ukraine’s ability to “harvest crops, plant new ones or sustain livestock production” is in jeopardy due to the conflict.
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